“There is an increased
need for better data storage solutions across various industries in
countries such as the UK and the US. Due to intense market competition,
firms provide advanced services to their clients to have a competitive
edge and concentrate more on their core competencies.”

This research report titled ‘Global
Incident Response System Market 2016-2020’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
To calculate the market size, the report considered the revenue
generated from the sales of the geospatial technologies, backup and
disaster recovery solutions, threat management solutions, and
surveillance systems.

With the changing IT environment, attackers have found new ways to
access valuable information and disrupt businesses. Increased dependency
on web applications leads to an unprecedented rise in cyber-attacks,
including advanced persistent threats. The high dependency on web
applications for online purchases and related activities has led to an
increase in identity theft. In addition, with the emergence of social
networking sites, it has become easy for attackers to extract users'
information. To avoid such advanced threats, organizations employ threat
management solutions.

Ishmeet Kaur, a lead IT
security analyst at Technavio, says, “There is an increased
need for better data storage solutions across various industries in
countries such as the UK and the US. Due to intense market competition,
firms provide advanced services to their clients to have a competitive
edge and concentrate more on their core competencies.”

The global incident response system market by backup and disaster
recovery solutions will grow at a CAGR of 21.4% during the forecast
period to reach USD 22.02 billion by 2020.

“There is an increasing demand for cloud-based disaster recovery
solutions in the market as they enable the fast recovery of data in case
of any disaster at the third-party vendor's location. They enable
continuity in business operations,” asserts Ishmeet.

Vendors offer backup and recovery products through modern platforms that
leverage cloud-based storage to support on-premises deployments. Backup
as a service has become a reliable alternative for organizations
that struggle with legacy backup products. Such services help clients
recover restorable data from the cloud provider because cloud backup
aims at providing full protection against data loss. Backup and disaster
recovery solutions are gaining popularity because of the rising adoption
of cloud
computing and its related services among organizations.

Global incident response system market by threat management systems

The global incident response system market by threat management
systems will grow at a CAGR of 18.66% during the forecast period, and it
will reach USD 10.87 billion by 2020.

Threat management systems will have substantial growth during the
forecast period because of the growing need for a high level of network
security in corporate firms. With the increase in the number of
security attacks and threats, the need for advanced security solutions
is increasing. The adoption of threat management systems among
enterprises and cloud service providers is rising with the increase in
the volume of critical data being transferred. The increased adoption of
mobile devices for professional and personal use is also contributing to
the growing demand for threat
management systems.

In 2015, threat management systems were in the growth stage. There was
increased adoption of threat management systems in the telecom,
financial, and government sectors to improve business operations and
productivity. The increase in a number of incidents of identity theft,
cyber-crime, and insider fraud is driving organizations to adopt threat
management solutions.

Global incident response system market by surveillance systems

The global incident response system market by surveillance systems
will grow at a CAGR of 8.44% during the forecast period, and it will
reach USD 22.42 billion by 2020.

The increase in criminal activities in government organizations and
enterprises is a major factor driving the adoption of surveillance
systems. With the growing advances in technology, security threats
have become more advanced and sophisticated. Many organizations are
investing in video
monitoring solutions to monitor and track people that enter the
premises. The adoption of surveillance systems in the retail
sector is increasing because of a rise in the number of
incidences of pilfering, which leads to inventory shrinkage.

Global incident response system market by geospatial technologies

The global incident response system market by geospatial technologies
will grow at a CAGR of 7.83% during the forecast period, and it will
reach USD 14.75 billion by 2020.

There is an increase in demand for geospatial technologies from both
developed and developing countries. Developed countries, especially
Canada, the UK, and the US, play a major role in the growth of the
global incident response system market. They play an important role in
revenue generation and contribute a major share to the revenue of the
market. GIS
is widely used in the military sector to identify trends and patterns,
which help in determining the decisions and actions of an opponent. GIS
also helps in planning and executing operations by providing real-time
data and reports.

The top vendors highlighted by Technavio’s research analysts in this
report are:

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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